Unilever likely put Lipton Tea on the block amid slowdown in demand

As the flat white trounces black tea, Lipton owner Unilever is weighing a sale of one of its best-known brands.

The Anglo-Dutch giant initiated a review of its global tea business, which includes the more than century-old label and generates sales of almost 3 billion Euros ($3.3 billion). The move comes after the company’s slowest quarterly growth in a decade.

Unilever is following a consumer shift to coffee as a primary source of caffeine, with takeaway cafes proliferating from London to Beijing and capsule-spewing espresso machines supplanting kettles on kitchen counters around the world.

In the UK, almost 900 million fewer cups of